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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: long-gone who wrote (61095)	11/15/2000 10:52:00 AM
From: Ahda	Read Replies (2) of 116762

Soft landings and harder to get loans make all those bank presidents of new age feel pretty old right now worry takes it toll. Web sites now desert sites which affects the peers they order from. The environment should loosen up in the employment market soon. As we import i don't visualize cost going down on imports as there has been growth in Asia tho i have concern about softbank. There has been no price reduction where i reside in food gas or housing yet. I keep thinking about the executives who crawled on to dot com mania i wonder how they are doing? Hopefully they have some close banker friends. Bank of America Warns of High Charge-Offs NEW YORK (Reuters) - Bank of America Corp. (NYSE:BAC - news), the parent of the biggest U.S. bank, said its charge-offs for bad loans in the fourth quarter could be more than double third-quarter levels, after it classified a large loan to an unnamed consumer services company as problematic in November. The bank also said Tuesday in a regulatory filing to the Securities and Exchange Commission (news - web sites) that it expects about $100 million in charge-offs in its consumer portfolio, mostly within the consumer finance segment, in the fourth quarter. Charge-offs are loans that U.S. banks treat as a loss. Charlotte, N.C.-based Bank of America joins two other large U.S. banks -- First Union Corp. (NYSE:FTU - news), and Bank of New York Co. Inc. (NYSE:BK - news) -- in raising a red flag about potential loan losses in the fourth quarter.

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